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₹151 crore, led by healthy growth in domestic and international business. Revenue increased 9% YoY to ₹882 crore in the fiscal second quarter (Q2FY24). Earnings before interest, tax, depreciation, and amortization (Ebitda) for the quarter stood at ₹251 crore, a 24% improvement YoY, with an Ebitda margin of 28.5%., the company said in a notification to the exchanges.

₹8.3 lakh crore in December 2013 to a staggering ₹46.4 lakh crore as of September 2023, representing a fivefold increase. According to the study, passive funds have seen a substantial increase in their AUM, surging from a modest 1.5 per cent in 2015 to over 17 per cent. Nevertheless, equity funds dominated with the largest share at 54 per cent, followed by debt at 32 per cent, hybrid at nine per cent, and the remaining five per cent comprising multi-asset, international, commodity, and solution-oriented funds.

₹10 lakh fine on Air India for flouting norms. The regulatory body also issued a show cause to the carrier for failing to provide appropriate protection to travellers who faced flight disruptions. “In order to ensure compliance of passenger-centric CARS, the DGCA carried out inspections of scheduled domestic airlines at various major airports on a continuing basis since May 2023.

The International Monetary Fund upgraded its projections for China’s annual economic growth this year and next as the nation recorded a stronger-than-expected performance in the third quarter and Beijing rolled out policies to support the recovery.

Gold Exchange-Traded Funds (ETFs) have witnessed increasing inflows in the last few years. Data shows that Gold ETFs witnessed net inflows of Rs 1660 crore during July-September 2023. The inflows are expected to increase this month as investing in Gold is considered auspicious by many during Dhanteras and Diwali festivals.

Israel's deadliest ever war in Gaza, sparked by the October 7 Hamas attacks, entered its second month Tuesday as Prime Minister Benjamin Netanyahu stressed there would be no ceasefire until the militant group releases its 240 hostages. Netanyahu also said Israel would assume «overall security» in Gaza after the war ends, while allowing for possible «tactical pauses» before then to free captives and deliver aid to the besieged territory of 2.4 million people. The Gaza death toll has soared above 10,000, mostly civilians, said the Hamas-run health ministry, as UN rights chief Volker Turk decried a month of «carnage, of incessant suffering, bloodshed, destruction, outrage and despair.» Israel has vowed to destroy the Islamist militants over their unprecedented attack which claimed 1,400 lives in Israel, including entire families slain inside their homes and young people killed at a music festival, according to Israeli officials. Orit Meir's 21-year-old son Almog was at the festival near Gaza and apart from a brief Hamas-posted video of hostages showing him since then — the family has had no updates. «Our life became a nightmare but this nightmare is our reality,» she told reporters at an event in Athens focused on bringing the hostages home. Since the attack, Israel has relentlessly hammered targets in Gaza with more than 12,000 air and artillery strikes and sent in ground forces that have effectively cut the strip in half, with soldiers and tanks tightening the encirclement of Gaza City. The Israeli army said that in the latest battles its «troops secured a military stronghold belonging to the Hamas terrorist organisation in the northern Gaza Strip.

Ludhiana administration has issued an advisory allowing the bursting of firecrackers on the occasion of Diwali, Guruparva and Christmas. According to the orders issued by Ludhiana Deputy Commissioner Surabhi Malik, firecrackers can be lit from 8 to 10 pm on Diwali and from 11:55 pm to 12:30 am on Christmas. Similarly, on the day of Guruparva, firecrackers can be burnt for two hours between 4:00 am to 5:00 am in the morning and 9:00 pm to 10:00 pm at night. The decision is aimed at ensuring that the festivities are carried out in a safe and eco-friendly manner. As per the orders, there will be a ban on the burning of firecrackers before and after the above-mentioned time. Likewise, there will be a ban on the burning of firecrackers within 100 meters of hospitals, educational institutions, religious institutions and courts. Earlier, the Chhattisgarh government also issued an advisory allowing the bursting of firecrackers for two hours on the occasion of Diwali, Chhath, Guruparva, Christmas and New Year. Firecrackers are burst with great pomp and show during the festivals, especially Diwali, but in view of the increasing pollution in the environment, the Housing and Transport Department of Chhattisgarh issued guidelines regarding the burning of firecrackers. In September 2023, the Supreme Court of India rejected a petition by the Firecracker Manufacturers Association to include barium in green crackers. The court upheld the Delhi government's decision to ban all firecrackers ahead of Diwali.

a speech on November 3rd Hassan Nasrallah, the leader of Hizbullah, appeared to show that he wanted to avoid engaging in an all-out war. Our satellite data show whether this rhetoric matches the reality on the ground (see map). The satellite data are updated twice daily, tallying large fires detected by FIRMS, a NASA satellite system that was originally designed to detect forest fires.

By Gergely Szakacs

₹11,901.85, hit on March 28, 2023. While they achieved record-high wholesale dispatches of passenger vehicles (PVs) in October, showrooms are now dealing with unprecedented inventory levels, raising concerns for both dealerships and manufacturers. According to FADA, the Navratri period saw a surge in bookings driven by the introduction of new models, particularly SUVs, and attractive consumer offers.

Woodshaw Financial Group Principal D.R. Barton provides his outlook on Walmart and Apple shares and discusses the decline in Treasury yields.

When Xi Jinping celebrated a decade of Beijing-funded global development last month, he said the effort has focused on “on enhancing connectivity." New figures show just how closely China has linked itself to other nations. China is the world’s No. 1 source of international development finance, with some $1.34 trillion in loans and grants disbursed over 22 years for 20,985 projects in 165 low- and middle-income nations, according to a compendium published Monday.

Indo Count Industries surged over 8% to hit a new 52-week high of ₹302.80 apiece on Tuesday. This impressive performance came on the heels of the company's September quarter earnings, which exceeded market expectations. The company released its Q2FY24 numbers after market hours on Monday, reporting the highest-ever quarterly revenue of ₹1,033 crore, crossing the ₹1,000 mark in revenue for the first time in history, on the back of a surge in volumes.

Lok Sabha elections are going to be the most important event for the next 12 months. PL believes the return of a strong majority government can re-rate the markets meaningfully from current levels.

India’s villages, crucial for health of the overall FMCG sector, grew 6.4% by volumes, up from 4% in the preceding June-quarter, the researcher said. “Impulse categories continue to exhibit strong growth, and we see a growth recovery in habit-forming categories such as biscuits, tea, noodles and coffee after five quarters," said Roosevelt D'Souza, lead, customer success at NIQ India. NielsenIQ flagged higher consumer spending on both essentials and discretionary categories, including personal care and home care products. “Overall, cooling of inflation in the country fuelled by base effects, a recent decline in unemployment figures, and LPG prices amongst other factors have contributed to the willingness of the consumer to spend,” said Satish Pillai, Managing Director, NIQ India. He said the FMCG sector witnessed further reduction in price growth from last quarter and has given a necessary impetus to spending power of the consumer, evident in rural markets in particular where there is an uptick in consumption across categories. This comes after four quarters of subdued growth in rural markets, which had declined 2-5% as consumers either downtraded or did not purchase as many goods, impacted by soaring food and fuel prices. Noting improved consumption trends across the country, NielsenIQ said even as rural markets showed signs of recovery, urban India continued to grow by volume and value. Within the retail sector, modern trade grew 19.5% during the quarter, with traditional trade seeing a 7.5% rise in consumption, the report said. Both packaged foods and non-foods grew 8.7% year-on-year.

By James Davey

BEIJING/SHANGHAI (Reuters) -Baidu ordered artificial intelligence chips from Huawei this year, two people familiar with the matter said, adding to signs that U.S. pressure is prompting Chinese acceptance of the firm's products as an alternative to Nvidia (NASDAQ:NVDA)'s.

SHANGHAI (Reuters) — Japan's Toyota Motor (NYSE:TM) has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition.

Investing.com — The U.S. dollar rose in early European trade Tuesday, rebounding from recent lows, while the Australian dollar slumped after the RBA hinted at the end of its cycle of rate hikes.. 

The air quality index (AQI) in Delhi and several cities of the National Capital Region improved to the “very poor" zone on Tuesday morning. Of the 10 cities with the worst air quality as of 11 am, five were in Haryana, three were in Rajasthan, and one in Uttar Pradesh. Just four cities recorded a “severe" AQI, down from seven a day ago.

Vladimir Putin has moved to shore up support among his core base in the security forces, the armed forces and with regional voters outside Moscow, while Wagner has been brought firmly to heel. Russian defence, weapons and overall budget spending has soared while Putin has made numerous public appearances, including the regions, over recent months. "The decision has been made - he will run," said one of the sources who has knowledge of the planning.